Analysts Set Signet Jewelers Limited (NYSE:SIG) Price Target at $109.67

Shares of Signet Jewelers Limited (NYSE:SIG) have been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $109.6667.

A number of research analysts recently weighed in on the company. The Goldman Sachs Group raised Signet Jewelers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of Signet Jewelers from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. Zacks Research cut shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Jefferies Financial Group lifted their price target on shares of Signet Jewelers from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Finally, Wells Fargo & Company lowered their price target on Signet Jewelers from $100.00 to $90.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 3rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in Signet Jewelers by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,392,954 shares of the company’s stock valued at $198,328,000 after acquiring an additional 46,789 shares during the last quarter. State Street Corp lifted its holdings in shares of Signet Jewelers by 1.6% in the fourth quarter. State Street Corp now owns 1,688,602 shares of the company’s stock valued at $139,951,000 after purchasing an additional 27,379 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Signet Jewelers by 12.3% in the third quarter. American Century Companies Inc. now owns 1,592,735 shares of the company’s stock valued at $152,775,000 after purchasing an additional 174,873 shares in the last quarter. LSV Asset Management grew its position in shares of Signet Jewelers by 90.0% in the fourth quarter. LSV Asset Management now owns 1,077,851 shares of the company’s stock valued at $89,332,000 after purchasing an additional 510,551 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Signet Jewelers by 9.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 944,668 shares of the company’s stock worth $90,613,000 after purchasing an additional 82,899 shares in the last quarter.

Signet Jewelers Price Performance

Signet Jewelers stock opened at $98.01 on Wednesday. The business has a 50 day simple moving average of $89.88 and a 200-day simple moving average of $92.23. Signet Jewelers has a 12 month low of $45.55 and a 12 month high of $110.20. The stock has a market capitalization of $3.99 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 1.04 and a beta of 1.28.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Tuesday, December 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.47. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Signet Jewelers had a net margin of 2.13% and a return on equity of 24.44%. Signet Jewelers’s revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 EPS. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. As a group, equities research analysts anticipate that Signet Jewelers will post 8.73 EPS for the current year.

Signet Jewelers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, January 23rd were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $1.28 annualized dividend and a yield of 1.3%. Signet Jewelers’s dividend payout ratio is 38.21%.

About Signet Jewelers

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.